Citi Sticks to Its Buy Rating for Stryker (SYK)
In a report released today, Joanne Wuensch from Citi reiterated a Buy rating on Stryker, with a price target of $385.00.
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According to TipRanks, Wuensch is a 2-star analyst with an average return of 0.1% and a 50.41% success rate. Wuensch covers the Healthcare sector, focusing on stocks such as Boston Scientific, Integra Lifesciences, and Stryker.
Stryker has an analyst consensus of Strong Buy, with a price target consensus of $391.67.
Based on Stryker’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.02 billion and a net profit of $745 million. In comparison, last year the company earned a revenue of $5.87 billion and had a net profit of $654 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYK in relation to earlier this year. Earlier this month, M Kathryn Fink, the VP, Chief HR Officer of SYK sold 8,720.00 shares for a total of $2,473,719.80.
Read More on SYK:
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- Stryker announces European launch of Pangea Plating System
- Stryker Announces Chief Accounting Officer Retirement and Successor
- Stryker Shareholders Reelect Board and Approve Governance Measures
- Stryker’s Cyber Hit, Robotics Strength Dominate Earnings Call
- Stryker price target lowered to $330 from $380 at Truist
